Background

Mr. C. Preston Butcher has been the Chief Executive Officer and Chairman of Legacy Partners, Inc. since 1998. From 1967 to 1998, Mr. Butcher served as the President, Chief Executive Officer, and Regional Partner at Lincoln Property Company N.C. Inc. Mr. Butcher served as the Chief Executive Officer at KBS Legacy Partners Apartment REIT, Inc. from July 31, 2009 to August 13, 2012 and Legacy Partners Residential, Inc. until August 13, 2012. He serves as the Chairman of ... Legacy Partners Residential, Inc. Mr. Butcher has been the Chairman of the Board of KBS Legacy Partners Apartment REIT, Inc. since July 31, 2009. Mr. Butcher has been a Director of the Charles Schwab Corp. since 1988. He served as a Director of Northstar Realty Finance Corp. from September 2004 to September 5, 2014. He served as Member of the Advisory Board of SeeControl Inc. he also co-founded and serves as a Director of the California Housing Council. He co-founded and served as the Chairman of the Board of Directors of the National Multi Housing Council. He serves as a Member of Advisory Council of Red McCombs School of Business and a Trustee of Urban Land Institute. He received his B.S. in Electrical Engineering from the University of Texas at Austin.

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